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Even in tough times, UWM continues to hit records — and help brokers

Apr 5, 2018, 12:08 PM
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Across the mortgage industry, much of the news sounds like doom and gloom: Rates are up and inventory is down, which all adds up to fewer originations. Still, there are some bright spots —companies that are bucking the trend and seeing continued records.

“We hear that our competitor numbers are down and they are laying people off. We are experiencing the opposite in our business right now,” said Allen Beydoun, UWM executive vice president. “We are growing every month. Q1 2018 was a significant increase over Q1 2017. We had a record-setting Q1 this year — best ever in company history in 30-plus years.”